HB2368Introduced in the House
ESTATE TAX-COMPUTATION
Introduced by Margaret Croke, District 12
What does this bill do?
Plain-English breakdown
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Official description
Amends the Illinois Estate and Generation-Skipping Transfer Tax Act. Provides that, for persons dying on or after January 1, 2026, the amount of the Illinois estate tax shall be the amount of the Illinois taxable estate, multiplied by the Illinois estate tax rate. Sets forth the estate tax rate. Provides that the "Illinois taxable estate" means the decedent's federal gross estate, subject to certain modifications, including a deduction in the amount of $4,000,000. Makes conforming changes with respect to the generation-skipping transfer tax. Effective immediately.
Where it stands
Motion to Suspend Rule 21 - Prevailed 005-000-000
May 20, 2025
How did lawmakers vote?
No recorded vote is available for this bill yet.
What do people think?
Citizen Voice
How would you vote on this bill?
An unofficial public opinion poll. It does not affect the bill or the official vote.
One response per device. Location is self-reported and not verified. Results are informal and not a scientific survey.
Bill history
Filed with the Clerk by Rep. Margaret Croke
First Reading
Referred to Rules Committee
Assigned to Revenue & Finance Committee
To Tax Credit and Incentives Subcommittee
Added Co-Sponsor Rep. Wayne A. Rosenthal
Added Co-Sponsor Rep. Eva-Dina Delgado
Added Co-Sponsor Rep. Michael J. Coffey, Jr.
Removed Co-Sponsor Rep. Michael J. Coffey, Jr.
Rule 19(a) / Re-referred to Rules Committee
Motion Filed to Suspend Rule 21 Rules Committee; Rep. Bob Morgan
Motion to Suspend Rule 21 - Prevailed 005-000-000
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